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Century II was founded in 1985 by Nashville businessman Ross Hickey at a time when PEOs were a relatively new concept. In 1997, CSM, Inc. acquired Century II and CSM CEO, Marc Fortune, became president and CEO of the firm. Prior to the acquisition, CSM was a Century II client. Then in 2001, Century II established Century II Services, our life and health insurance agency. Fortune Industries acquired Century II in April 2005. In the 20+ years since its inception, Century II has maintained a client retention rate of over 90% in an industry with an average retention rate of 78%. |
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ESG was founded in 1997 by Craig Allred with a more client focus approach to outsourced human resource services for small to medium sized business. ESG currently operates from three locations. The Company headquarters is located in Orem, Utah about 30 miles south of Salt Lake City. A regional headquarters office is located in Loveland, Colorado about 45 miles north of Denver and a second regional headquarters office is located in Tucson, Arizona about 100 miles south-east of Pheonix. In the spring of 2007, ten years from its inception, ESG was sold to publicly-traded Fortune Industries. |
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Professional Staff Management was founded in 1991 as the first PEO in the state of Indiana. In addition to PEO services, PSM offers a wide array of HR consulting services including training, employee assessment and recruiting expertise to organizations of all types. PSM was acquiried by Fortue Industries in the fall of 2003. Professional Staff Management has offices in Richmond, IN as well as Indianapolis, IN. |
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Fortune Industries, Inc. is focused as a professional employer organization (PEO) to small and medium sized businesses in over 47 states, including human resource consulting & management, employee assessment, training, and benefits administration.
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Fortune Industries, Inc. was created in 1988 and operated as a global technology-based company. In September 2000, Carter Fortune and John Fisbeck became primary shareholders. Together, they transformed the company from its humble beginnings, into a successful publically traded corporation worth $157 million, winning local buisness awards three years in a row and gaining recognition within their diversified industries. |
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On November 30, 2008, Fortune Industries sold its wireless infrastructure, audio video distribution, ink technology and transportation infrastructure segments to a private entity while retaining the professional employer organizations as the primary focus of the public traded company. |
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Fortune Industries is based in Indianapolis, Indiana and is publicly traded on the American Stock Exchange under the symbol FFI |
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